Decision Making with Managerial Accounting - part 2

Mar 29th, 2015
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Ashford University
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Part II (Four to six double-spaced pages, excluding the title and reference pages) Select at least three of the five topics identified below: Cost Management Techniques Costing Methods Capital Investment Decision Techniques Budgeting Quality Control

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Management AccountingNameInstitution affiliationDateYear Managerial accountingThis is the process of preparing the books of accounts and managerial information. Managerial accounting ensures that you give accurate information. In accountings, it is important to ensure that the information given is quality and well up dated.It is this information that will be used to determine the financial situation of any particular organization. If the books of accounts are inaccurate, there will be no particular information to rely on when it comes to the books of accounts. Management accounting is very different from the other forms of accounting where by the books of the accounting and the accounting information is given quarterly or yearly. However, managerial accounting is generated weekly in form of journals. They are not as detailed as the other books of accounting which will account for every detail. Managerial accounting is normally an internal job that is given to the departments of the organization and the C.E.O. it normally just indicates the amount that is available for the company to consume and what they have received and spent so far (Drury, 2007).This kind of accounting is usually a short term kind of accounting that a company can use to predict their future especially in regards to their expenditure and how much money that comes in. cash at hand enables the management to decide effectively what kind of projects to engage in that they could handle

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